Skip to main content

About your Search

20121201
20121231
Search Results 0 to 2 of about 3
it was hurricane sandy, the need to spend on the home; whether it was the tragedy in connecticut, and took away the feel-good factor-- it was a confluence of events that led to a "should have been better" holiday season. >> reporter: a big part of the problem was in the densely populated northeast, where more than a fifth of country's retail sales take place. holiday spending priorities shifted after hurricane sandy as homeowners focused more on repairs than on gifts. also dragging down sales was uncertainty about the so-called fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it, consumers could see higher taxes eating into their paychecks. even online sales suffered. compared to past years of double-digit growth, this year, online holiday sales rose only about 8%, compared to nearly 16% last year. overall, holiday spending accounts for up to 30% of retailers' annual sales, so the disappointing season is a concern for an economy struggling to recover. >> consumers need to have more confidence. consumers need to feel that their jobs
for the victims im the newtown tragedy. 20 students and six adults were 20 studeen days ago at sandy aok elementary school. the shooting only stopped when the s first responders arrived and the gunman, adam lanza, committed suicide. elaine quijano sat down with some of the first police ijanoers on the scene. >> we were going as fast as we have ever driven, any of us. and we were running for that building. >> reporter: what did you see? what did you hear? >> i -- i could hear shots. ep reporter: officer michael mcgowan entered sandy hook elementary with sergeant david enllgren and officer liam seabrook. seabrook knocked out the glass on a locked rear door so the officers could get inside. >> we were moving down the hallway and we don't hea >>> the officer knocked out the glass at sandy hook so the other officers could get merchandise. >> we didn't see or hear anything. >> we could basically just smell gun powder. >> at what point did you realize what you were dealing with? >> immediately. once i got there i myself knew pretty much what was going on. we didn't have specific details yet. it
are hanging near sandy hook t allntary. a candlelight vigil is scheduled to last all day today. h6 candles-- one for each victim shot at the school. volunteers are taking three-hour shifts to make sure the flames don't go out. ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that
Search Results 0 to 2 of about 3